Leaked Emails Unveil Snapchat's Secretive CEO

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Douglas MacMillan A batch of leaked emails involving a Snapchat board member show the startup's rapid rise to be the work of a secretive young entrepreneur with a distaste for Silicon Valley and its conventions. Evan Spiegel, Snapchat's 24-year-old ...

U.K. Car Production Slips in November

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production to match last year's level of 1.5 million units, and growth to ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Chao Deng Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while ...

Japan Firms' Cash Holdings Hit Record High

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

TOKYO--Japanese companies added to their mountains of stashed cash in the third quarter, pushing up their combined savings to a new record equivalent to almost half the nation's gross domestic product despite repeated calls by Prime Minister Shinzo Abe to ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while the S&P; ASX ...

KKR Stumbles on Shale Deal

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Ryan Dezember And Daniel Gilbert Shortly after bagging big profits on a Pennsylvania drilling deal, George Roberts traveled to Houston to meet with the banker who had brought the prospect to his private-equity firm, KKR & Co. Mr. Roberts, ...

China November Home Prices Fall at Slower Pace

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

The average price of new homes in 70 Chinese cities continued to fall in November, signaling the decline in home prices hasn't run its course. But on a month-over-month basis, average home prices fell at a slower pace, as some ...

Marathon Oil to Cut Capital Spending in 2015

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Maria Armental Marathon Oil Corp. plans to cut spending in 2015, the latest energy company to slim its spending plans amid tumbling oil prices. The Houston energy producer said it plans to spend $4.3 billion to $4.5 billion in ...

China Not Yet Affected By Ruble's Slide -- Regulator

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

BEIJING--China hasn't seen any impact on cross-border capital flows due to the steep slide in the Russian ruble but it is watching the situation closely, an official at the Chinese foreign exchange regulator said Thursday. "There has not yet been ...

Fed Sets a Patient Stage for Rate Hikes in 2015--3rd Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Jon Hilsenrath The Federal Reserve took a delicate step toward raising short-term interest rates in 2015, but at the same time exposed its skittishness about signaling a historic move away from easy-money policies in place since the global financial ...

U.S. Normalizes Cuba Ties as American Is Released -2-

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

"When I visited Alan last month, he expressed the hope that his ordeal might somehow lead to positive changes between the United States and Cuba," Mr. Flake said. "With today's significant and far-reaching announcements, I think it already has." Mr. ...

Putin's Year of Defiance and Miscalculation

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Gregory L. White in Moscow and Anton Troianovski in Berlin As Western governments seethed last spring over Russia's takeover of the Crimea region in Ukraine, Vladimir Putin told advisers that the world eventually would accept the audacious move. The ...

China November Home Prices Fall at Slower Pace

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Esther Fung The average price of new homes in 70 Chinese cities continued to fall in November, signaling the decline in home prices hasn't run its course. But on a month-over-month basis, average home prices fell at a slower ...

Scant U.S. Hope for Russian Reversal

TODAY: Dec. 18, 2014 PUB DATE: Dec. 17, 2014

By Philip Shishkin WASHINGTON--Western policy makers are waiting to see whether a weakened Kremlin will call off its intervention in Ukraine to win a reprieve from economic sanctions that have combined with low oil prices to push the Russian ruble ...

Senate Votes to Extend Temporary Tax Breaks to End of 2014

TODAY: Dec. 18, 2014 PUB DATE: Dec. 17, 2014

By John D. McKinnon WASHINGTON--The Senate voted to extend a raft of temporary tax breaks through the rest of 2014 on Tuesday, ending a protracted struggle that foreshadows even more difficult tax-code debates next year. The bill now goes to ...

European Stocks Fall, Still Pressured by Oil

TODAY: Dec. 18, 2014 PUB DATE: Dec. 17, 2014

By Tommy Stubbington European stocks dropped in early trading Wednesday as oil prices resumed their downward march, with the sharp swings in markets in recent days showing little sign of abating. The Stoxx Europe 600 was 0.9% lower, mirroring a ...

German Cabinet Approves Road Toll Plan That Hits Foreign Drivers

TODAY: Dec. 18, 2014 PUB DATE: Dec. 17, 2014

By Andrea Thomas BERLIN--Germany's cabinet on Wednesday adopted plans to make foreign-registered drivers pay tolls on German highways from 2016, risking a clash with Brussels and neighboring countries on concerns the levy could discriminate against foreigners. The bill requires all ...